BITTENSOR Price Drop 20% After 37K $TAO Dumps is Deeper Crash or REBOUND..📈💵💰
......🔥🚀💰💵......
🙏9 Million longs Wipped out🙏
The reports indicates that around 37000 TAO 10 M were offloaded into the market wiping out 900M from the market cap. The
TAO has already rallied 90% to 100%
in March and entered an overheated
territory with built up leveraged long
positions. Once the price started to
plunge, key support levels fell weak, and
momentum flipped bearish, liquidating
over $9 million in long positions. This
turned a fundamental shock into a trend
breakdown.
Tao price saw a brutal breakdown plunging nearly 25-27% within hours and erasing
close to $900 million from its market
capitalization. The sudden drop
triggered wave of liquidations wiping
out over $9 million in long positions and
catching late bulls off guard after weeks
of aggressive upside..🚀